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neil: worked under harry reid. >> well, no, no, he filibustered -- neil: no mystery leaving the body led by democrats. >> if you're jim demint, you hold fellow republicans accountable. striking a deal. neil: good point. i don't agree with why it's happening, but republicans, by boehr now, taking key committees, and the make you now seems to be repudiating the very folks who got you to be speaker of the house. i don't think it's a good trend. >> we are not envying john boehner's current position at the time. it's a difficult position to be in. neil: i envy his office, huge office, huge desk. i envy it. >> demanding prowess. neil: that's a cheap shot. >> that's why he's losing neil. neil: exactly right. >> alway going to win, and obama, to his credit, is more consistent on the issue. neil: i will say this that barack obama has been more consistent on that, you're right. i will say this, republicans lost the election, but i didn't realize they lost their backbone. that's neitherere nor there. guys, thank you. the stan ten island resident who stepped in when the government was not helpin
neil: worked under harry reid. >> well, no, no, he filibustered -- neil: no mystery leaving the body led by democrats. >> if you're jim demint, you hold fellow republicans accountable. striking a deal. neil: good point. i don't agree with why it's happening, but republicans, by boehr now, taking key committees, and the make you now seems to be repudiating the very folks who got you to be speaker of the house. i don't think it's a good trend. >> we are not envying john...
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this is what harry reid is that the last couple of days doing. why can't we get people in the same room and try to get this thing resolved instead of just talking past each other? >> that is an excellent idea, but first a believe we have to get the president involved with the speaker of the house and see what the real parameters are and see if there is any real negotiating room there, wiggle room on each side. until that happens, you know, if you do it in the press and you do it in ohio, you do it in michigan, you do it in texas, somewhere else, that's not doing here. gerri: well, i want to get you to another topic as well today, which is the federal house in administration, which is facing just an unprecedented financial problem. and now sean donovan who runs the department of housing and urban development, hey, we are taking steps to try to lighten the load, but is it enough? and what is the right rescue? what is the right plan for the fha? >> actually, it is a timely question. we had the hud secretary before the bankin committee yesterday. fha
this is what harry reid is that the last couple of days doing. why can't we get people in the same room and try to get this thing resolved instead of just talking past each other? >> that is an excellent idea, but first a believe we have to get the president involved with the speaker of the house and see what the real parameters are and see if there is any real negotiating room there, wiggle room on each side. until that happens, you know, if you do it in the press and you do it in ohio,...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as youre dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift e burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs thatre funded by the federal government and federal monies. we needlex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal govement doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors associatio what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that we could he
we had a meeting with harry reid and speaker john boehner. the executive board message was as youre dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift e burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs thatre funded by the federal government and federal monies. we needlex ability to be able to determine what is in the best interest of our state. how we can best serve...
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here is harry reid. >> he has a problem. he has three quarterbacks. he cannot decide who the quarterback is going to be. that is thesame problem republicans are having. romney is gone, but he is still in the background. we have mcconnell and boener. who is the quarterback, mr. president? gerri: whado you make of that analogy? >> well, that is a football analogy. we'ldo that from timto time, but the reality is the speaker of the house is the speaker. the house is the majority republican, and if he isgoing to advance that way, that is probably in order. senator mcconnell is involved, i'm sure taking with boehner out these isues. he always has been, but you have to have the spokesman, somebody to talk to. the president is absent up here, and i hope he will come to the table. i hope we can avoid it, but a lot of it is going to ultimately be on the president's watch. gerri: i have to tell you, there are other people mia. most of the house isgone on vacation. the senate is spending all this time figuring a helmet will be able to watch lincoln and have popco
here is harry reid. >> he has a problem. he has three quarterbacks. he cannot decide who the quarterback is going to be. that is thesame problem republicans are having. romney is gone, but he is still in the background. we have mcconnell and boener. who is the quarterback, mr. president? gerri: whado you make of that analogy? >> well, that is a football analogy. we'ldo that from timto time, but the reality is the speaker of the house is the speaker. the house is the majority...
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mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are caling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they don't nt that to come to a vote. there might be something there. i'm thking that might maybe make him on it and let the chips fall where they make. elections haveonsequences. at that right now. lou: i think we all agree about consequences. certainly. your thoughts on this? does it looto you right now like we are going to avoid this fiscal clif? the president, but the brilliant idea? it's interestinhow he does this. he initiates an ultimatum and the goes passi aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy whicch obviously has completely confounded republican eaders. >> yes, and the polls show that the american people are proud and -- probably ging to blend republicans now matter what happens. lou: slightly. >> therefore i think that is what you're s
mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are caling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they don't nt that to come to a vote. there might be something there. i'm thking that might maybe make him on it and let the chips fall where they make. elections haveonsequences. at that right now. lou: i think...
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neil: if harry reid did that put thsame? he could not do it. you are a big on being the cent but not acting like a child? >> cility is the key. you're not successful unless you have maintained relationship and respect for adversars. they sm intent to demonize and not communicate but speak at the through them. it does not fly. >> when the public rips each other art little is done privately. >>a good point* if th demonize one another how do fo the connection? >> they used to hang out and have a relationship beyond media or discussions but that seems to be not the crisis -- not the case and is more isolated. neil: see remove people om their ownemons to not aggravate the other side? what republicans do to win nine democrats and vice versa? >> get over they don' deal with the facts. step number one is a own the reality. dot age about the solution but at least that we have a problem and the scope is enormous and getting worse. by discountinghat you have no where to build from. everyone tries take credit but there is little accountability for results.
neil: if harry reid did that put thsame? he could not do it. you are a big on being the cent but not acting like a child? >> cility is the key. you're not successful unless you have maintained relationship and respect for adversars. they sm intent to demonize and not communicate but speak at the through them. it does not fly. >> when the public rips each other art little is done privately. >>a good point* if th demonize one another how do fo the connection? >> they used...
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i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives will go along with the potential tax increase, but they are not going to take a promise on the rest of it, so i think it's going to get ugly. >> you know, carol, are alan greenspan is going to tell us later in the program that maybe we should go over the cliff, that the minor recession that is expected as a result is a small price to pay for greater fiscal reform in this country. >> you know that i believe that. you're teeing that one up for me. >> i'm giving you a softball here. >> i'm all about accountability and responsibility so i w
i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives...
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the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenue
the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise...
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we're just getting word now harry reid is saying, you know, the idea of getting anything done before christmas, not looking good. camping out here christmas day? camping out here christmas day? looking goo [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [int singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help impve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copdaking advair may hav
we're just getting word now harry reid is saying, you know, the idea of getting anything done before christmas, not looking good. camping out here christmas day? camping out here christmas day? looking goo [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [int singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was...
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harry reid, where even this engagement? tracy: it is a great question. before we go, have asked about the 250,000-dollar complementary on behalf of the resident of new jersey's state, it is really tough. >> it is tough. new jersey is one of the most affluent states and expenses state to be in. but it begs the question that it is not a revenue issue, it is a spending issue. tracy: i really hope that something happens with us. and that 250,000 is not offered lots of our families are going to get question. cumbersome, and it didn't time. >> i appreate it. tracy: still to come, beating the street with your investment. up next, house leaders warning their members that they may have to stain washington through christmas. lou dobbs is in the house coming up next and he will give us his opinions. tracy: these days, the leaders of congress reminded of an old married couple. >> yes, you are the most optimistic person in this town. we have some serious differences. >> tell us what you want, that's what i say to them. the one i want a lake house. [laughter] not to m
harry reid, where even this engagement? tracy: it is a great question. before we go, have asked about the 250,000-dollar complementary on behalf of the resident of new jersey's state, it is really tough. >> it is tough. new jersey is one of the most affluent states and expenses state to be in. but it begs the question that it is not a revenue issue, it is a spending issue. tracy: i really hope that something happens with us. and that 250,000 is not offered lots of our families are going...
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harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on sunday. >> and said his meeting was nice. >> it was a nice meeting. it was cordial. >> cordial. >> we have to cut spending. >> holding back when it comes to spending cuts. >> republicans have been ratcheting up their rhetoric. >> get the tax issue off the table. >> we don't have the leverage. >> you can't tax your way out of this baby. >> throw in the towel on this tax rates issue. >> they have the debt ceiling. >> keep your eye on the debt ceiling. >> the debt ceiling part of this deal. >> the leverage is going to shift. >> it's their leverage. >> the leverag
harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on...
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growing democratic oppositionet to take effect senators and senators elecsend a letter to harry reid urging a delay that the medical device industry has given little guidance. obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the long run. it iall about t referendum for the islamist constitution. >> he has not backed away. lou: giving the obama administration, john negroponte e ging support do you agree things are betterhan six months ago? >> here i have to agree they acknowledge immorality. egypt is going in a bad direction. there is nothing we could have done. >> egypt has retained with the policies it is pursuing. the decision to go to day u are the political expert , to
growing democratic oppositionet to take effect senators and senators elecsend a letter to harry reid urging a delay that the medical device industry has given little guidance. obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love...
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did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it will. i agree with you. >>> the other story, tensions mounting in michigan as union workers are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state i
did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it...
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some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to the american people to say here is what we're going to cut from your entitlement programs, mandy. reid saying we don't think a deal is going to get done before christmas. that does not bode well. the dow industrials are up. you can see they have ticked down a little bit. harry reid, a very, very powerful member obviously. senate majority leader. this is a guy deeply involved in the negotiations. when he speaks, it means something. we'll keep watching those markets. meantime, huge dirty money crackdown. british banking giant going to have $2 million in penalties, it helpe
some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to...
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in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly in the absence of the filibuster. so what do you say to them? >> what i say to that, ezra, is i'm not afraid of democracy. i said that to majority leader mcconnell on the floor this summer. he was basically saying that, you know, you democrats better be careful. if we take over, we can repeal obama care. my rejoinder to that is if that is what the people vote for at the ballot box, then elections ought to have consequences. now i won't vote for it. i might try to slow it down, amend it, change it. but at least the majority ought to have the right to propose
in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly...
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now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not going to work. >> well, wait, this is a 24-hour day job, seven days a week. i'm in new york tomorrow looking at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work to investigate that for myself. gerri: you're doing work, but not all the people you work with in washington are. some are just taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. wit
now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not...
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stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up
stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to it. i'm excited for jenna and henry. i can barely contain the news when i found out so now i can tell all my buddies. >> where do you come down on spoiling grandchildren? to spoil or not to spoil? >> definitely to spoil. no doubt about it. >> kind of like we did our daughter. >> congratulations to them. if you read only one thing this morning, my must-read is about one of the handful of absolutely perfect foods. bacon. it's written by an obsessive bacon lover and includes the preview
republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first...
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reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this way i've always been fair and look, i think that, i don't think they should be allowed to do this. if you're going to vote for obamacare and it does have taxes that are attached to it, part of the deal, you can't carve it out to protect your constituents. stuart: especially three weeks before. >> comes up at the election. stuart: it's a powerful group, 17 senate democrats that's a big churni chunk of the democrats-- >> won't be surprised if they get their way. you can't determine taxes and carve out for your powerful constituents to help you get elected. stuart: suppose it is delayed or abolis
reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this...
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harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a lit
harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have...
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i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are some time in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> i'm reminded of the famous george bush adage, whatever it was, fool me once, shame on you, fool me twice, it was actually shame on me. >> that's what republicans are saying exactly this, the white house has opportunities in the future in which it can raise taxes on the wealthiest and it should take those opportunities in order to get us through this crunch period. do the minimum that is possible now to stop us
i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are...
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it's a sad day, said harry reid, when we cannot pass a treaty that simply brings the world up to the american standard for protecting people with disabilities because the republican party is enthralled to extremists and idealogs. that brings us back to mark twain who said
it's a sad day, said harry reid, when we cannot pass a treaty that simply brings the world up to the american standard for protecting people with disabilities because the republican party is enthralled to extremists and idealogs. that brings us back to mark twain who said
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. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process.ç now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of reason right now. the people have spoken. house democratic whip steny hoyer says democrats are still willing to talk with republicans about entitlement reforms. they've been on the table for some period of time. that does not mean that i'd be prepared to adopt them now. but they're clearly, i think, on the table. republicans don't want to talk about entitlement reforms. you see, they
. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process.ç now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same...
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Dec 9, 2012
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>> so harry reid gives him a bone and says hold on. the idea was putting the democrats on record they want to give this bump. these people are out-of-control. >>gregg: i watched the president's interview this week, i believe it was on tuesday, he said he is happy to look at ways to strengthen social security. he would be open to the idea of doing something about medicaid and medicare. this is the biggest driver, right? >> the president is indicating trial balloon, that he is willing to take on entitlements in some way. the real question to the republicans, then, and it could be signaled by speaker boehner going to the white house, will they cave operates for the wealthy and go up to 37 percent or 38 percent and allow the president to put entitlements on the board. >> anything less than 39 speaker boehner will call a victory. the republicans lost the election so they have to give in on taxes. >>gregg: 250,000 is not rich. up it to half a million. >> we still have coming in february or man unless they do a big deal, we have a new debt ce
>> so harry reid gives him a bone and says hold on. the idea was putting the democrats on record they want to give this bump. these people are out-of-control. >>gregg: i watched the president's interview this week, i believe it was on tuesday, he said he is happy to look at ways to strengthen social security. he would be open to the idea of doing something about medicaid and medicare. this is the biggest driver, right? >> the president is indicating trial balloon, that he is...
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senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actuall
senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with...
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and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if he would be willing to report state run economy. i doubt the white house cares. being number two means never being number one. if you believe exceptionalism is quaint you don't like being number one to begin with. we no longer refer to achieveer as successful. we call them rich to make them target for withdrawal. if you are good at what you do you become obama's atm. pin code for pork. the report says we'll be cyborg with neuroenhangment for superhuman abilities. will robots be forced to unio unionize? >> dana: where were you when you wrote that? were you in a bar in colorado or washin
and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if...
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>> harry reid, the majority leader, would say very unlikely we would have a deal by christmas, ostensibly we are running out of days on the calendar. if that is the case and he quibbles that the republicans have not come up with specifics, are you against running to the clinton rates or are you okay where that if it avoids the hoops of looking for like revenue? >>guest: i am in favor of anything that gets an agreement. it seems to me, why are we focusing on that narrow part of this entire scenario? why aren't we will giving equal weight in the media and our debates on entitlements. we know what the elephant in the room is. they are not the ones at the table, right now, right now it is the president, speaker boehner, and perhaps mcconnell and perhaps pelosi but right now --. >>neil: the best-case-scenario we hear, senator, is republicans agree to hike the taxes depending on the details with a promise they will address spending next year. republicans argue they have been that way before. >>guest: i have bench front property in arizona if you would accept that deal. >>neil: you would not? >>
>> harry reid, the majority leader, would say very unlikely we would have a deal by christmas, ostensibly we are running out of days on the calendar. if that is the case and he quibbles that the republicans have not come up with specifics, are you against running to the clinton rates or are you okay where that if it avoids the hoops of looking for like revenue? >>guest: i am in favor of anything that gets an agreement. it seems to me, why are we focusing on that narrow part of this...
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reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive. sort of a bigger deal and the president sort of balked at the agreement. seemed to be putting in to place with boehner and then boehner walked away, as well, and the whole thing fell apart. i think you have seen an acknowledgment. if the president and boehner come to an agreement then the senate will come along, the house democrat wills come along. a number of them will. these are really the key negotiators and has to be done at that level to get something finished. >> jonathan, i have to say i'm a little bit
reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive....
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reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the taxpayers. >> speaking of mitch mclipless, did you see what dubious honor he won yesterday? >> stephanie: yes i'm getting to that! nobody help me! i've got this. >> just trying to produce here. >> stephanie: don't overproduce me! [ laughter ] >> stephanie: mitch mcconnell received the dubious honor of being named america's most unpopular senator! isn't that something. [ applause ] according to nau poll, 55% disapproval rating in kentucky. 37% approval rating. kentucky democratic voters express their disa desire to see ashley judd run in the primaries for 2014. rock on, girl. nay-saye
reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the...
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>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just
>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama...
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill. fantastic to have you here on the show, congressman. >> good to be with you. >> what kind of spending cuts do you need to see, congressman, for you to be able to vote for those tax hikes on the top 2%? >> for the record i don't promote raising taxes on anybody. but if congress doesn't act they go up automatically. i'd like to take an area where we agree with the area, that we're not going to raise taxes on 98% of the american people. and just get that out of the way. let's not have those
today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of...
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. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job
. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate...
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reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and start working with president obama on true pro growth tax reform, but again, it sounds like treasury secretary geithner is happy to take the economy off the fiscal cliff, and again, if president obama wants to do that, he can do that, it sounds like that's exactly where he wants to go, what is kind of amazing, maybe republicans should take, you know, a victory lap from the fact that we've actually convinced democrats it's a good thing to maintain the bush tax cuts for at least 98% of the american population. i guess that's a good thing. i hope, i hope if president obama decides to increase
reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and...
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and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and if you look at -- if you look at our budget, we have no new revenue in our budget. the president had $1.6 trillion worth of new revenue. >> so he says it's never going to happen. but the president says he's confident speaker boehner will ultimately cave. are these meetings, these phone calls, are these all -- >> a bit of political theater if you speak to folks who are involved in these negotiations. they will admit that it is important to run down the clock. they want their conferences to feel as though they put up a fight. they can't say they put up a good fight if you don't run the clock down. and also a deal
and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and...
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. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they want us to cut medicare and entitlements have to be on the table. as if there is an equivalency between the richest americans paying a bit more and asking senior who make $20,000 a year to pay more. really? >> congresswoman, isn't this a time where liberals in congress have to hold the line? there's rumors going around from medicare age going from 65 to 67, there might be some benefit cuts in here. the fact is, there's a lot of lawmakers on cap
. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the...